Dunedin Stalls Fundraising; Palamon Due To Start

By

Dan Dunkley

June 8, 2012 8:02 p.m. GMT

U.K. mid-market buyout firm Dunedin is holding off raising a new €250 million fund until the final quarter of this year, in a further example of buyout firms avoiding a highly challenging fundraising environment.

Dunedin, which invests in businesses with an enterprise value of £20 million to £75 million and buyouts requiring equity of up to £50 million, last raised a fund in 2006, which closed at £250 million. The 2006 fund, according to a source close to the firm, is currently about 75% invested - the point at which buyout...